UPN partner sues Viacom over CBS deal
Article Abstract:
BHC Communications Inc has filed a lawsuit against partner Viacom Inc, in its attempt to thwart the latter's intention to purchase CBS for $36 billion. BHC, a subsidiary of Chris-Craft Industries and co-owner of the UPN TV, claims that Viacom's plan to align with another network violates their UPN joint-operating deal. The lawsuit, filed in a New York state court, states that Viacom cannot invoke other provisions to end their joint-venture agreement.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Chris-Craft sells share of UPN to Viacom
Article Abstract:
Chris-Craft Industries Inc sold its 50% interest in United Paramount Network (UPN) to its partner in the television network Viacom Inc in Mar 20, 2000. The deal, which was worth $5 million in cash, was forced upon Chris-Craft when Viacom exercised a clause in the UPN ownership deal. Under that clause, Chris-Craft is obligated to either buy out Viacom for $5 million or sell for the same price.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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USA Network smacks down WWF bid by rival Viacom/CBS
Article Abstract:
USA Networks has demonstrated its intention of keeping its two-decade relationship with the World Wrestling Federation (WWF). The cable television network has decided to match the five-year offer for the top- rated basic cable program by rival Viacom/CBS. The matching bid, which was announced by USA on Apr 12, 2000, was coupled with the filing of a court injunction in Delaware that would have prevented the WWF from signing any contract with Viacom/CBS.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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